sewer so the definitions what's called a net and operations expense and the rates on the study all of those things are the same as what exists with our water and wastewater the difference is the venture we're planning on issuing a debt service reserve for the power bonds the reason the investors we've spoken with advise us to be prudent to fund a reserve and the next one to determine if it is needed clearly not having a reserve is cheaper so we are going to fund the reserve with the sale and repudiate that down the road funds the context we're talking about here is that we're putting

in place prioritization of how we're going to utilities money this is boiled down to the promise to the investors that buy the bonds we're especially having a way to talk about the bonds that are played in the revenue bonds each of those in order receives a prioritization to a twenty-four hour operation and expense is the next one and the next our debt order service bonds for the folks that buy the bonds and the supportive enterprise has a couple of prior debt issuances they were not debt bonds but their subordinate to the senior bonds we'll be

issuing soon and the other discretionary work we do in power so i wanted to point out that everything we're doing about continue as always we can do all the current work but the venture creates the conflict of a different system and want to brought to your attention because this is the discussions with the board of supervisors as it relates to clean power and the concept of a program what this definition requires us should we step into the business line down the road we will have a separate set of books speaks for itself so it is related to a future integration separate from the rest of the enterprises we're going to set up the program make sure under is some

sort of loan agreement or more than a gentleman handshake and that's our plan all along when we were talking about this anyway so no change again, i mentioned the master venture you have several maps i want to list or review them this is the rolls of the road for the promise to the bond holder the supplemental around this transaction to having in the next couple of months did preliminary is the large disclosure document we create at the out sit down this is the bond verifies that are interested in bond buying this is who we are as an agency and our expenses and that sort of thing the continuing disclosure is what we report out to the them on an annual basis once

this certificate is in place we'll create a report hosted on line for all investors to review and this is wells fargo their selected as our underwriter for the sale i think that's it i'll be happy to answer any questions. >> thank you very much colleagues if no questions supervisor mar. >> mr. pearl you mentioned the green bond i'm curious about that that is the first san francisco green bonds how are projects like hydro bonds what is the green bond. >> it is a involving part of the marketplace we're being open in our disclosure documents the

generation of clean giving me 0 energy that definition meets the international standards so the conflict of green bonds what about broader you can apply those to the water and sir as well we're going to look at the the definition and refinancing it as we look at other bond saddles but this particular one it is about green house gas generators. >> marrying go to our report please. yes mr. chairman on page 15 there is table one the estimated cost of 37 point plus million dollars for the non capital projects on page 16 of the report the estimated annual interest rate for the bond will be 4.2 percent over the debt of

thirty years is $87.39 in interest and the estimated debt payment $2 million plus on page 18 of our report supervisors we note under the promoted ordinance that is file 150078 the sfpuc authors the refunding bonds approved by the sfpuc without further approval of the board of supervisors provide the debt service is provided in the city's administration code supervisors i'm sure you're aware of the sfpuc preservation can't authorize can't issue refunding bonds for their water and wastewater revenue bonds without the approval the board of supervisors so this particular request is in

conflict that the existing policies that's why we say this is a policy matter for the board of supervisors the subject as the department indicated is self-specify the net services savings must be achieved buyouts the sfpuc our recommendations on the bottom of page 18 equip for the provisions refunding bond without the approval of the board of supervisors which the budget and budget analyst considers to be a policy decision we recommend you approve the proposed owners we consider that and file 0078 to allow the sfpuc to authorize bond to be refunded without the board of supervisors as i state it be a policy decision in the board of supervisors want to delete such authority we recommend you amend the ordinance to specify the they

recalled of 3 percent of refunded bonds with the debt service policy. >> colleagues, any questions that's a great idea as we've talked about okay. if no one thanks open up for public comment on items four or five seeing none, public comment is closed. supervisor tang. >> thank you for a good recommendations i'm glad to hear the puc likes it i'm happy to amend did ordinance for the services of 3 percent must be achieved consistent with our city's debt policy and make a motion to forward those recommendations to the full board. >> we'll take that without objection. >> no further business before

the commission. >> thank you ladies and gentlemen, we're adjourned. >> golden state good evening, everyone welcome to the january 20, 2015, of the entertainment commission my name is bryan at an the president of commission we're going to actually before we do roll call please turn off your cell phones not to disturb our meeting we have speaker cards we'd like you to fill out hand

that to our staff and state your name and feinstein thank you to sfgovtv and media services for the slides to this public every time we meet okay. we're going to start with a roll call. >> commissioner frost commissioner lee commissioner moshoyannis commissioner perez commissioner tan we have quorum and commissioner joseph will be absent this evening the first item of business is public comment on any item that pertains to the business of the commission but is not to the public that are within the jurisdiction of the commission except agenda items. decided any public comment? i don't see any public comment item 2 review and approval of the minutes from january 6th public utilities i wasn't here i can't vote on it but anyone want

to make a motion >> i'd like to make a motion to approve the minutes. >> i'll second. >> a motion and second vote. >> commissioner perez commissioner moshoyannis abstain. >> well, then there's no quorum. >> i was absent we're going to need a motion to continue. >> i'll change my motion to have the approval of the minutes. >> i'll second. >> on that motion. >> commissioner perez commissioner moshoyannis commissioner lee commissioner frost commissioner tan. >> the motion is continued until our next meeting item number 3 is the report from the executive order and our staff so you can take it away. >> good evening commissioners let's see how brief i can be i did executive director's report

memo you've gotten your hands on it briefly an update on the a.m. transit working group we planned february 4th as our last meeting of the task force i'm not sure if commissioner tan will be available that's the last one to review the items that we'll be highlighting at the board of supervisors the board committee is scheduled for february 23rd as the land use committee to do a short press conference prior to the hearing and then the working group was planned to brief this commission as well as mta and other transportation agencies for the road show in and amongst that february date so that's

called out we won't coupling come to you after the last february figure out if we can do if it before february 23rd if it works we'll cancel one of our meetings in february we'll have a tough meeting but those are long term outcomes and discussions so it's not you know all that important when it comes to you, we can have a robust discussion either way and wanted to update you it's been a conversation point at this commission awhile commissioner hyde was a commissioner around place where limited live performance is allowed and follow-up to december 2nd which was what meeting in which we had supervisor kim's office here was a request to change i think

per this commission direction to allow llps in two areas of the western selma w m g and the r.c. d that request went back to supervisor jane kim's office we haven't heard about the drafting we're waiting and let you know when this moves forward we that was the g s a i wanted to keep the commission informed the city manager's office is important we pay them to do payroll personnel work and budget and so we have to update the city administrator and her budget stapling staff on a regular basis we did that last week and it is something we did

to keep everyone on the same page making sure if roadblocks pop up they help us if possible that as well as on january 9th we me i went on a last day night bus ride to oakland and i have attached behind our memo here a flier and there's plenty for the public here on the podium if anyone is interested for this pilot project that i know i've talked about before that ac transit and bart are doing to approve the bayview it is important this pilot which is supposed to run i believe from a full year is successful it's being going since around this holidays i'm

not sure people know about it the success is in large part how much people know about it we'll get the month a so me and supervisor wiener and two of the people on the bart board and couple of reports and others went and benefit is somewhere out there and stated late the virtual sea room and got on a bus and went across the bay and turned around and came back what resulted was a couple of articles and hopefully continued conversation and your request to you as folks that have your own networks of people to go out and prompting this service if it doesn't become successful in whatever term bart decides is

success there is no reason for them to pursue later bart hours than that would be a shame didn't there's a flier attached with the colored ones we can send to you to help promote it's important why really go there a lot i came back in one piece. >> ms. johnson it says is darts at 256 and other times is that it. >> no. your better at this where you are it was this is additional service that was already provided go ahead. >> it's both. >> who are you. >> benefit sorry it's he additional service on the 8

hundred line to the east bay as well as the additional bus route the a-22 runs 3 times roughly between one and two but in addition the 8 that hundred service that exists the head ways from 20 to to minutes reduction so you have a lot more bus service. >> those are leaving from 16th and mission and 24th this is along the market street back so this hopefully also will tag into where people have begun since they've started the 8 hundred service arrest on the east side bay side between various city's there's additional. >> i think that's helpful it comes every 20 minutes or half an hour so great thanks. >> jocelyn.

>> when you guys took the bus obviously nobody knows did you have people on the bus. >> if you want to take home any article behind you you'll see in this case because we had bart board members bart was somewhat concerned something got tweeted out and folks were activated to the bart shut down the punishment i guess is considered the financial punishment the fact that was an opportunity for the task what is they going to do that was politicalized there were bart police as well i can't speak to i mean - yeah. unless i take is again without

the entunneling it's important this task force to also remind everyone and ourselves that the folks that take this kind of service often this is our lifeline service this is the only way they get around just because the only criteria for success ought not to be how many people are riding that's one thing yes, but this is a vital service to the people in particular there are other things that weigh more than just simply - >> once we get the network we've got this people don't know they can pickup at those stops once again once again we get the word out. >> yeah. get the word out but 24 flier didn't say it the bus

is really well lit and clean obviously i can't speak for everyone i didn't feel unsafe doesn't we were with a lot of people but. >> questions. >> bad experience. >> how much does it cost. >> you know i have a clipper so that's a good question there's a clipper does that ride like to muni. >> it is 420. >> thank you 420 oh. >> it it doesn't matter you it's a one flat rate. >> it's not like when you get on they don't charge you when you get off like bart. >> commissioner frost. >> did you talk to my of the 0 people on the bus and asked them why they're taking the bus.

>> i didn't we were in the abscond center yeah. i do not i think maybe this article - benefit did you. >> i'm sorry it was really late and i didn't i know that one of the things that bart is going to be doing evaluating and monitoring the success of the pilot we're going to be interested in keeping an eye on before it's up so we know how things are going over the course of the year. >> can i ask one final question besides this lovely event whatever events bart doing to let the riders know about this. >> i know that i've spoken with bart's marketing folks they given feedback from the working

group brown about developing the marketing plan so i think it's an ongoing development right now but certainly additional interest in not just launch it out there and letting it - >> die right. >> yes. and certainly on our end we should and can continue to work especially local businesses that are on at night for workers and patrons this is a good thing. >> yeah. i know when muni has a good line they'll post adds and whatnot on that line i've not seen anything for bart. >> there are banners in the bart station. >> there are. >> and signage at the entrances as well but certainly more we can do it get the word out. >> great thank you. do you want to

continue. >> that concludes any report i'm going to turn it over to the inspector. >> i'll start i'm short. >> inspector quality i'll keep it short the only major thing in regards to a meeting on monday january 3rd, 2014, between the san francisco police department and the seller bar club a representative from california parking and representative from ssi security in regards to the issues surrounding the pa parking lot we had a debate about the security putting it there we pretty much resolved the issue and we had an actual security guard the meeting was productive spent time talking about best practice and we'll

see how that plays out through other than regular patrol and stuff like this with that if you have questions feel free to ask. >> commissioner lee. >> it the seller on saturday and i believe the agreement was friday and saturday from 12 to 3 they put a new light bulb and the parking tenant wore more active too. >> commissioner frost. >> how busy were the two nights was is a good night. >> fire hydrant was not busy saturday night was busier not as busy as the weekend but you know, i think it's productive every weekend is not going to be a major packed

weekend buses it's good that they're there because it helps with the issues near the parking lot or whatever and commissioner perez. >> hi i see the report here can you elaborate more. >> any questions for inspector bert. >> poly i didn't. >> oh, sorry. >> there you go (laughter) inspector poly i didn't. >> inspector bert for those of you who were not here the packet is thicker paul and i with trying to give us a better understanding of some of the progresses we use and some of the paperwork we use to inspect the clubs and issues

certifications each week anything or anything property owner to the weekend shifts we're going to try to include some additional information in those packet and we've been upgrading old sfpd permits and reissuing the permit so you can see on my notes there's a lot of that going on last weekend after my next inspection i'll bring you the sheet and a we use to sign off there was one this weekend that was completed i'll try to bring one at our next weekend the second page has our general inspection report meantime we had an inspectors

the third page is the update sheet for the permanent updates i've included a notice of violation i wrote this past weekend one at port house they were in violation of they're 10:00 p.m. l o p cut off time one at the house they had 3 separate violations good neighbor violation of the door on the decimal limited on the permit and i was able to hear their music from 50 feet that was a violation of police code 9 the next place has some trouble historically keeping their front door closed it's a simple thing i've talked to them and documented them to put up a curtain they have a split bond

door they keep the bottom of the door closed and sometimes the top off on if they're to have the top on they have to have the occur at an and meantime i'm in the neighborhood i take a listen i think that about wraps up any questions for me? >> how many new classrooms have you depicting. >> so the notice of violation was written stemmed from the complaint filed in person in our offices and the complaint at the other with one i'm investigating i haven't heard anything from 50 feet so i've not been able to put that at issue. >> any other oh, commissioner

frost. >> someone came into the office to complaint. >> they did. >> was it a serious thing or happened by. >> i think they wanted to make sure that we knew they were serious about the trouble they were having the issue itself was was maybe not as serious. >> okay. cool thank you. >> yep. >> all right. that any other commissioner questions or comments for your staff? if not opening it up for public comment you'll have two minutes former commissioner jimmy >> you couldn't give me 3? okay >>